Commercial Land With C-1
253 Broadway, Cambridge, MA 02139
For Sale
New
$3,880,000
C-1 zoning provides a framework for evaluating redevelopment options, subject to applicable regulations and approvals.
Property Size6,119 SF
Price / SF$634.09
Days on Market6
Property Features for 253 Broadway
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty - Newton
Listed By:
Yangyang Zhou · License MA #9576775
(857) 265-0623
Source:
Cambridgerealty
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 2:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Newton
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 6,500-square-foot parcel contains a three-level Italianate Villa-style multifamily building constructed in 1838. The existing structure may be demolished without delay, subject to applicable requirements.
The property is at 253 Broadway near the intersection of Broadway and Windsor, in The Port’s Zone 4 neighborhood of Cambridge. C-1 zoning applies; any redevelopment or renovation remains subject to applicable zoning regulations and approvals.
The property is at 253 Broadway near the intersection of Broadway and Windsor, in The Port’s Zone 4 neighborhood of Cambridge. C-1 zoning applies; any redevelopment or renovation remains subject to applicable zoning regulations and approvals.
Key Highlights
- 6,500‑square‑foot lot
- C‑1 zoning
- Existing building dates to 1838 and may be demolished without delay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,449
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,868,980
$2.9M
Cap Rate 7%
$2,049,271
$2.0M
Cap Rate 9%
$1,593,878
$1.6M
Market Conditions
NOI Build-Up for 6,119 SF
Gross rent
$271.7K $44.40/SF
− Vacancy
−$10.9K −$1.78/SF
EGI
$260.8K $42.62/SF
− OpEx
−$117.4K −$19.18/SF
NOI
$143.4K $23.44/SF
Area
Cambridge, MA
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,868,980
Cap Rate 7%
$2,049,271
Cap Rate 9%
$1,593,878
Alternative Uses
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,449 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.50M
NOI $330,222 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
5,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 02139, MA
39,525
Population
16,930
Households
2.3
Avg Household Size
30
Median Age
78%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
24,703
Density / Sq Mi
$124,648
Median Household Income
$61,025
Median Earnings
$2,613
Median Rent
$1,066,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Commercial land in Middlesex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - C-1 zoning provides a framework for evaluating redevelopment options, subject to applicable regulations and approvals.
Where is this commercial land located?
The property is located at 253 Broadway Cambridge, MA.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: 6,500‑square‑foot lot; C‑1 zoning; Existing building dates to 1838 and may be demolished without delay
